From the standpoint of providing federal income, gift, and estate tax savings, which of the following would be the best choice of trustee?
A man is planning to establish and fund a 20-year irrevocable trust for the benefit of his two sons, aged 19 and 22, and plans to give the trustee power to sprinkle trust income.
From the standpoint of providing federal income, gift, and estate tax savings, which of the following would be the best choice of trustee?
A . The grantor of the trust
B . The grantor’s 70-year-old father
C . The grantor’s 22-year-old son
D . A bank or trust company
Answer: D
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